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Yellen: Biden's plan could restore full employment by 2022
AP ^
| 2/7/2021
| MARTIN CRUTSINGER and ALAN FRAM , Associated Press
Posted on 02/07/2021 5:18:16 PM PST by simpson96
WASHINGTON (AP) — Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden’s $1.9 trillion relief plan could generate enough growth to restore full employment by next year.
Republican senators argued that Biden’s proposal was too expensive and they cited criticism from Larry Summers, a treasury secretary under President Bill Clinton, that passage of the measure could run the risk of triggering runaway inflation.
(Excerpt) Read more at seattlepi.com ...
TOPICS: Chit/Chat
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1
posted on
02/07/2021 5:18:16 PM PST
by
simpson96
To: simpson96
2
posted on
02/07/2021 5:18:49 PM PST
by
cowboyusa
(America Cowboy up!)
To: simpson96
What, Government Employees?? Bwahahaha
3
posted on
02/07/2021 5:19:37 PM PST
by
fedupjohn
(Waiting for Trump's new Caribbean Resort "Club Gitmo" to open for business! )
To: simpson96
4
posted on
02/07/2021 5:19:58 PM PST
by
COBOL2Java
(Republicans are the court jesters in the kingdom of liberalism)
To: simpson96
Maybe dementia is as much a superpower as “diversity”?
5
posted on
02/07/2021 5:20:10 PM PST
by
The Duke
(President Trump = America's Last, Best Chance)
To: simpson96
Didn’t Fraudulent Joe just say it was going to take 10 years?
6
posted on
02/07/2021 5:20:13 PM PST
by
cp124
(The government is the enemy.)
To: simpson96
Just in time for the midterms.
To: Antihero101607
8
posted on
02/07/2021 5:21:56 PM PST
by
RBW in PA
To: simpson96
Like Egypt under the pharoahs.
9
posted on
02/07/2021 5:24:04 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire. Or both.)
To: simpson96
To: BenLurkin
Solution: Just give them that $15/hr. Approve it for 2 years. Let the 2022 elections decide.
To: simpson96
12
posted on
02/07/2021 5:26:11 PM PST
by
reg45
(Barack 0bama: Gone but not forgiven.)
To: simpson96
but that President Joe Biden’s $1.9 trillion relief plan could generate enough growth to restore full employment by next year For the umpteenth time, government spending doesn’t spur sustainable job growth. That’s the job of a free market.
13
posted on
02/07/2021 5:27:05 PM PST
by
FoxInSocks
("Hope is not a course of action." -- M. O'Neal, USMC)
To: simpson96
The establishment (i.e., the Ruling Elite) put the squeeze on Janet Yellen and told her to pump up Mumbles Biden.
Perception is reality in this Brave New World.
To: DIRTYSECRET
Better yet-let the lefties decide what it should be. If the GOP retakes congress the minimum wage disappears the day after the election.
To: simpson96
Are they American jobs?
Jobs that will exist without/after government subsidies?
I think with all the givens, we must legtimately ask this.
16
posted on
02/07/2021 5:27:58 PM PST
by
Secret Agent Man
(Gone Galt; Not Averse to Going Bronson.)
To: cowboyusa
As defined by having millions fall out of the labor force participation rate.
17
posted on
02/07/2021 5:28:52 PM PST
by
EEGator
To: simpson96
Sure.....
All those oilfield and pipeline workers are gonna learn to code this year and get some jobs on 2022!
18
posted on
02/07/2021 5:28:53 PM PST
by
vpintheak
(Live free, or die!)
To: simpson96
He’ll be hooked up to a drool cup by May.
19
posted on
02/07/2021 5:29:03 PM PST
by
The MAGA-Deplorian
(Sarcasm. It's my only natural defense against stupidity!)
To: fedupjohn
My first thought as well. SEIU members and government employeess.
20
posted on
02/07/2021 5:29:14 PM PST
by
jimfree
(My 20 y/o granddaughter continues to have more quality exec experience than Joe Biden.)
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